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Lehman Can Sell Art With Sotheby's

By

Jacqueline Palank

Updated June 19, 2010 12:01 a.m. ET

A bankruptcy judge cleared Lehman Brothers Holdings Inc. to hire Sotheby's Inc. to auction off more than 400 pieces of art this fall.

Judge James M. Peck of the U.S. Bankruptcy Court in Manhattan on Thursday approved the retention of the high-end auction house, which expects to raise more than $10 million from the sale of pieces by such artists...